Bitcoin retreated from the previous high of $81,988, facing pressure, and early gains were profitably taken.


In the morning, the price briefly built a platform around $80,200, but was sharply pushed down by negative news, breaking through several recent support levels, with the lowest touching around $78,600, hitting a new low in this correction.
Subsequently, the market entered a bottoming oscillation and correction phase, with a rebound in the evening reaching up to $79,500 but failing to stabilize, currently consolidating around $79,000 in a narrow range.
Technically, the 4-hour chart shows a pattern of “breakdown accelerating decline - weak recovery at lows,” with the price trading below all short-term moving averages, MACD still showing a downward death cross, and RSI hovering around 35, indicating weak rebound momentum.
The area of $80,200–$80,500, which was broken yesterday, has now become a strong resistance zone, with short-term support at $78,600.
Liquidity weakens over the weekend, and market volatility is expected to narrow, likely oscillating within the range of $78,500–$79,800.
In terms of strategy, maintain a range-bound approach; aggressive traders can try long positions near the lower boundary and short positions near the upper boundary, while conservative traders may wait and see for clearer macro sentiment next week.
BTC-1.25%
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BullAndBearBattle
· 12h ago
Buy the dip 😎
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